Blar i Arbeidsnotater / Working Papers på forfatter "Hurn, Stan"
-
The Generic Properties of Equilibrium Correction Mechanisms
Bårdsen, Gunnar; Hurn, Stan; Lindsay, Kenneth (Working Papers;8/1999, Working paper, 1999)Linear dynamic equilibrium correction mechanisms are shown to follow from the discretisation of continuous economic processes with steady-state solutions. In addition, the proposed procedure provides testable restrictions ...